The latest report by IMARC Group, titled “Indonesia Animal Feed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the Indonesia animal feed market share. The market size reached US$ 7.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

Factors Affecting the Growth of the Indonesia Animal Feed Industry:

• Demand for Protein-Rich Food from Livestock:

The growing need for protein-rich food sources represents one of the crucial factors impelling the growth of the market in Indonesia. Besides this, the rising consumption of meat and dairy products is contributing to the market growth. This need for high-quality livestock products encourages farmers to focus on the nutritional value of animal feed, as it directly impacts the quality of the end products. Farmers are also focusing on investing in various customized feed formulations, which help in targeting various specific health concerns of animals.

• Organic and Natural Feed Ingredients:

Increasing preference for organic and natural feed ingredients is another key factor driving the animal feed market in Indonesia. This is fueled by the growing awareness among the masses about the health and environmental and ethical implications of feed ingredients. The rising shift towards organic and sustainable farming practices is driving the demand for feed products that are free from synthetic additives, genetically modified organisms (GMOs), and antibiotics. This shift is also encouraging feed manufacturers to invest in sourcing natural ingredients and developing organic feed products that meet these new consumer preferences. Additionally, the demand for organic feed is not only seen in livestock farming but also the aquaculture and pet food sectors, indicating a comprehensive shift towards more natural and sustainable practices in animal nutrition.

• Technological Advancements in Feed Production:

The adoption of modern feed production techniques is significantly improving the efficiency and quality of animal feed. These advancements include the development of new feed formulations that provide balanced nutrition, the use of feed additives to improve animal health and growth rates, and the implementation of automated systems for feed processing and distribution. The integration of technology in feed production enhances the nutritional content of the feed and reduces the cost of production, making it more affordable for farmers. Additionally, the use of data analytics and artificial intelligence (AI) in predicting the nutritional requirements of animals and in optimizing feed composition is leading to more personalized and effective feed solutions.

Indonesia Animal Feed Market Report Segmentation:

The report is organized into distinct sections as follows:

By Animal Type:

• Swine
  • Starter
  • Finisher
  • Grower
• Ruminants
  • Calves
  • Dairy Cattle
  • Beef Cattle
  • Others
• Poultry
  • Broilers
  • Layers
  • Turkeys
  • Others
• Aquaculture
  • Carps
  • Crustaceans
  • Mackeral
  • Milkfish
  • Mollusks
  • Salmon
  • Others
• Others

Poultry represents the largest segment due to the high consumption rate of poultry products like chicken meat and eggs.

By Form:

• Pellets
• Crumbles
• Mash
• Others

Pellets hold the biggest share as they are easy to handle, store, and feed to animals, and they minimize waste, ensuring more efficient and cost-effective feeding.

By Ingredient:

• Cereals
• Oilseed Meal
• Molasses
• Fish Oil and Fish Meal
• Additives
• Antibiotics
  • Vitamins
  • Antioxidants
  • Amino Acids
  • Feed Enzymes
  • Feed Acidifiers
  • Others
• Others

Cereals account for the majority of the market share due to their availability, nutritional content, and cost-effectiveness as a primary energy source in animal feed formulations.

Indonesia Animal Feed Market Trends:

The rising shift towards specialized and customized feed solutions, driven by a deeper understanding of different nutritional requirements across various animal species, breeds, and life stages, is contributing to the growth of the market. This is encouraging producers to offer a wider range of feed products specifically formulated for different purposes, such as enhancing growth rates, improving reproductive health, or increasing disease resistance.

The growing demand for high-quality aquafeed is driving innovations in feed formulations that promote better growth, disease resistance, and feed conversion rates in aquatic species. The development of sustainable and eco-friendly aquafeeds, which reduce the ecological impact of aquaculture is bolstering the market growth.

Leading Companies Operating in the Global Indonesia Animal Feed Industry:

• Harman International (U.S.)
• FEV Group (Canada)
• L&T Technology Services Ltd. (India)
• Robert Bosch GmbH (Germany)
• Continental AG (Germany)
• Bertrandt AG (Germany)
• Capgemini Engineering (France)
• AVL (Austria)
• EDAG Engineering GmbH (Switzerland)
• IAV GmbH (Germany)

Other Key Points Covered in the Report:

• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations

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